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Friday, 20 July 2012

2012.07.20 08:23:49 NZD/USD intraday: the bias remains bullish.

NZD/USD intraday: the bias remains bullish.

Update on supports and resistances.
Pivot: 0.7985

Our preference: Long positions above 0.7985 with targets @ 0.807 &
0.8115 in extension.

Alternative scenario: Below 0.7985 look for further downside with
0.7955 & 0.7915 as targets.

Comment: even though a continuation of the consolidation cannot be
ruled out, its extent should be limited.

Key levels
0.815
0.8115
0.807
0.8017 last
0.7985
0.7955
0.7915


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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume

16.07.2012 22:45 Up

Time Candlestick Last Opinion Invalidation
19.07.2012 00:10 Hammer 0.8 Up 0.792
17.07.2012 23:10 Hanging man 0.7985 Down 0.8

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